minimum balance
nounUK /ˈmɪnɪməm ˈbæləns/
US /ˈmɪnɪməm ˈbæləns/
The smallest amount of money you must keep in a bank account.
If you go below the minimum balance, the bank charges you a fee.
RELATED WORDS
OTHER MEANINGS
2. The least amount of credit a borrower must keep available on a revolving account.
The card requires a minimum balance to stay active.
3. The smallest quantity of stock or inventory a store must keep on hand.
We reorder supplies before we hit the minimum balance.
4. The lowest amount of funds needed to open or maintain an investment account.
This fund has a minimum balance of five hundred dollars.